Cargo shipping market is projected to reach 12.52 billion tons at CAGR of 3.5% from
2016 to 2021. The cargo shipping market is estimated to gain momentum from 2018
onwards after years of sluggish growth. Global economic growth, rise in the global
commodity demand that results in increased seaborne trade that ultimately act as key
drivers of the growth of global cargo shipping trade. The study segments the cargo
shipping trends on the basis of cargo type, industry type, and major trade routes. The
base year considered for the study is 2015, and the forecast has been provided for the
period between 2016 to 2021.